The Shank Corporation issued $1,500,000 of 10% convertible bonds for $1.620, 000 on March 1, 2009. The bonds are dated march 1, 2009, pay interest semiannually an August 31 and February 28, and the premium is amortized using the straight-line method. The bonds are due on February 28, 2019 and each $1.000 bond is coverable into 25 shots of Shank Corporation $ 10 par common stock. The Shank Corporation issued $1,500,000 of 10% convertible bonds for $1.620, 000 on March 1, 2009. The bonds are dated march 1, 2009, pay interest semiannually an August 31 and February 28, and the premium is amortized using the straight-line method. The bonds are due on February 28, 2019 and each $1.000 bond is coverable into 25 shots of Shank Corporation $ 10 par common stock